DWFIX vs. FBIIX
Compare and contrast key facts about DFA World ex U.S. Government Fixed Income Portfolio (DWFIX) and Fidelity International Bond Index Fund (FBIIX).
DWFIX is managed by Dimensional. It was launched on Dec 5, 2011. FBIIX is managed by Fidelity. It was launched on Oct 10, 2019.
Performance
DWFIX vs. FBIIX - Performance Comparison
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DWFIX vs. FBIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DWFIX DFA World ex U.S. Government Fixed Income Portfolio | -0.59% | 2.71% | 1.60% | 9.96% | -18.94% | -4.63% | 6.35% | 2.24% |
FBIIX Fidelity International Bond Index Fund | -0.55% | 2.66% | 4.64% | 7.48% | -10.84% | -1.84% | 4.43% | -1.13% |
Returns By Period
In the year-to-date period, DWFIX achieves a -0.59% return, which is significantly lower than FBIIX's -0.55% return.
DWFIX
- 1D
- 0.23%
- 1M
- -2.77%
- YTD
- -0.59%
- 6M
- -0.82%
- 1Y
- 2.34%
- 3Y*
- 3.27%
- 5Y*
- -1.53%
- 10Y*
- 1.47%
FBIIX
- 1D
- 0.33%
- 1M
- -2.46%
- YTD
- -0.55%
- 6M
- -0.09%
- 1Y
- 2.32%
- 3Y*
- 3.82%
- 5Y*
- 0.50%
- 10Y*
- —
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DWFIX vs. FBIIX - Expense Ratio Comparison
DWFIX has a 0.20% expense ratio, which is higher than FBIIX's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
DWFIX vs. FBIIX — Risk / Return Rank
DWFIX
FBIIX
DWFIX vs. FBIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA World ex U.S. Government Fixed Income Portfolio (DWFIX) and Fidelity International Bond Index Fund (FBIIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DWFIX | FBIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.91 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.25 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.95 | -0.13 |
Martin ratioReturn relative to average drawdown | 2.87 | 4.14 | -1.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DWFIX | FBIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.91 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.14 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.17 | +0.28 |
Correlation
The correlation between DWFIX and FBIIX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DWFIX vs. FBIIX - Dividend Comparison
DWFIX's dividend yield for the trailing twelve months is around 2.47%, less than FBIIX's 4.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWFIX DFA World ex U.S. Government Fixed Income Portfolio | 2.47% | 1.86% | 3.08% | 4.46% | 0.01% | 1.86% | 1.69% | 8.62% | 7.77% | 1.33% | 2.77% | 7.38% |
FBIIX Fidelity International Bond Index Fund | 4.11% | 4.09% | 3.44% | 2.85% | 1.02% | 0.62% | 0.74% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DWFIX vs. FBIIX - Drawdown Comparison
The maximum DWFIX drawdown since its inception was -24.76%, which is greater than FBIIX's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for DWFIX and FBIIX.
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Drawdown Indicators
| DWFIX | FBIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.76% | -13.79% | -10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.78% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -13.74% | -9.81% |
Max Drawdown (10Y)Largest decline over 10 years | -24.76% | — | — |
Current DrawdownCurrent decline from peak | -11.90% | -2.46% | -9.44% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.18% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.64% | +0.22% |
Volatility
DWFIX vs. FBIIX - Volatility Comparison
DFA World ex U.S. Government Fixed Income Portfolio (DWFIX) and Fidelity International Bond Index Fund (FBIIX) have volatilities of 1.46% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DWFIX | FBIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.41% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 2.06% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 2.69% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 3.50% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 3.39% | +2.07% |